MT4 or MT5
Member Since Jan 11, 2019
140 posts
Nov 19, 2020 at 06:52
Mohammadi posted:
By and large trader’s inb particularly the newcomers always vote for MT4. There is anybody who has good experience about MT5 than MT4?
MT4 is the best platform for forex trading
Member Since Nov 19, 2020
1 posts
Nov 19, 2020 at 19:52
(edited Nov 19, 2020 at 19:54)
MT4 was specifically built for forex traders
MT5 was designed to provide traders with access to CFDs, stocks and futures.
Image source: https://forexnew.org/
MT5 was designed to provide traders with access to CFDs, stocks and futures.
Image source: https://forexnew.org/
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Member Since Nov 07, 2020
15 posts
Nov 25, 2020 at 11:41
I started trading with MT5 on fxview but later switched to MT4 with the same broker because most of the EAs that I was purchasing were compatible with MT4. Next account that I opened with IC Markets, I opted for MT4 in the first place :) Honestly I didn’t see any difference as such in the 2, but maybe I need to be on level 3 or 4 to be able to spot any minor intricacies.
Member Since Jul 20, 2020
278 posts
Nov 25, 2020 at 12:04
If you want to start forex trading, you have to learn all the basics of the forex fist. Without the proper knowledge, you can not survive in this risky market.
Member Since Feb 22, 2011
4573 posts
Nov 25, 2020 at 12:37
MT4 is easy to use
It is free
And there is ton of programs and indicators and lot of them free
It is very bad with backtesting though.
So except proper backtesting there is no need for MT5
It is free
And there is ton of programs and indicators and lot of them free
It is very bad with backtesting though.
So except proper backtesting there is no need for MT5
Nov 08, 2021 at 10:15
Both the platforms are good but I am more comfortable using MT4 as their app is also very convenient to use. I place my orders most of the time from my smartphone. It is very easy to manage my two different accounts on Turnkeyforex and LMFX at one place.
Nov 15, 2021 at 22:44
I am also using the MT4 trading platform and use the STP account, still comfortable in use, although now broker offer to use MT5, I am not yet intention to use MT5, but maybe when I already use ECN account will trying to use MT5 trading platform.
Member Since Aug 16, 2021
9 posts
Nov 16, 2021 at 12:31
TraderIvana posted:
Although MT5 is the upgraded version but I like MT4 and never felt the need of switching to MT5.
Sums up exactly how I (and 95% of other traders) feel.
Member Since Aug 05, 2021
394 posts
Nov 16, 2021 at 14:53
I've always preferred MT4 and never felt any pressure to switch. Always had a good experience with MT4 brokers as well so I'm not interested in MT5 or other platforms at the moment.
Member Since May 31, 2021
48 posts
Nov 18, 2021 at 12:16
Old payer with mt4 but current time and volatility soon make me move to mt5. It is a bit complex but interface is almost a similar.
Member Since Jul 23, 2020
696 posts
Dec 07, 2021 at 22:17
As far as I'm concerned, they're both good.
Member Since Jul 23, 2020
816 posts
Dec 09, 2021 at 20:08
Mt5 will replace mt4 at some point.
Member Since Nov 23, 2021
24 posts
Dec 21, 2021 at 07:36
I have always had a good experience with mt4 brokers so I would rate mt4 over mt5 any day.
Dec 30, 2021 at 08:13
Davidfx89 posted:
i think both are good you just have to choose one according to your trading terms and conditions. right now i am with mt5
I guess you are trading with mt5; nice to see! Yes, mt5 is the updated version but till now, a number of traders are make dealing with the mt4
Member Since Jul 20, 2020
385 posts
Aug 17, 2022 at 15:44
I always use MT4 it is simple and does everything i need no point fixing something that it's broken
Member Since Aug 17, 2022
79 posts
Sep 13, 2022 at 10:31
CraigMcG2020 posted:
I always use MT4 it is simple and does everything i need no point fixing something that it's broken
My experience with mt4 is that it is more accessible and easy to use, with much more comfortable tools than Mt5. Although I am thinking of trying my hands on it too.
